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    FOR SALE
    Retail space

    10730 Little Patuxent Pkwy, Columbia, MD 21044

    15,000 SF 1.21 ac lot Built 1977
    Individually Owned 7-yr Hold Free & Clear
    Property ID
    US40-0946463
    Property summary
    AI-generated overview

    This freestanding retail property, located at 10730 Little Patuxent Parkway in Columbia, Maryland, offers 12,800 square feet on a 1.21-acre lot. Built in 1977 and zoned NT, County, the property boasts a strong tenant mix including 7-Eleven (with a new lease signed in 2020), Nothing Bundt Cakes, Tropical Smoothie, AMORE nail salon, and Hangry Joe's Hot Chicken. The property benefits from a highly desirable location near the Mall in Columbia, experiencing over 32,000 vehicles daily at a signalized intersection. This prime location is further enhanced by its proximity to Howard Community College (with over 29,000 students and 1,409 employees), Howard General Hospital (employing 1,800 and serving 21,000 patients annually), and numerous residential communities. The average household income within a 3-mile radius is $143,913, indicating a strong consumer base. The property's projected 2024 Net Operating Income (NOI) is $470,000. Columbia's consistent ranking among CNN Money's top 10 best places to live in the United States underscores its thriving business environment and diverse population. This NNN-leased property presents a compelling investment opportunity for discerning buyers seeking a stable, high-performing asset in a premier location. The property's zip code is 21044.

    Property profile
    Verified
    Property type Retail space
    Use group RETAIL STORES (PERSONAL SERVICES)
    Year built 1977
    Construction FRAME
    Total area 15,000 SF
    Lot 1.21 ac (52,576 SF)
    Zoning code NT
    APN 15-019417
    UPID US40-0946463
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 7-Eleven Grocery & Convenience Store
    • US Artificial Grass of Columbia Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
    • Hangry Joe's Hot Chicken & Wings Restaurant
    • PNC Bank ATM Atm
    • Tropical Smoothie Cafe Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.76M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.02M
    Owner & transaction history
    10730 Little Patuxent Parkway · 7 yrs held
    10730 Little Patuxent Parkway
    since 2019
    6 recorded transactions
    2022
    2019
    $3.0M
    2019
    2018
    2016
    1969
    Zoning & alternative use
    NT · Columbia, MD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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